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The business appraisal profession is growing rapidly, and with these changes comes the requirement for frequent and dynamic education that meets the needs of our ever-changing business landscape.
Featured in Wall Street Journal’s MarketWatch News site and CBS’ Money Watch, IBA’s new certification workshops, 8003 Introduction to Business Appraisal and 8004 comprehensive Certified Business Appraiser, [...]
TAX COURT REJECTS TAXPAYER’S APPRAISAL AS “NOT QUALIFIED,” THUS SIDESTEPPING ANY EVIDENCE OF VALUE
Assuring the Quality of an Appraisal is More Important than Ever
By Howard A. Lewis, Executive Director
The United States Tax Court, in a memorandum decision (Scheidelman v. CIR, T.C. Memo. 2010-151, No. 15171-08), dated July 14, 2010, sustained deficiencies and penalties assessed against [...]
Loss Claims Resulting from the Deepwater Horizon Oil Spill and the BP Claims Process
On July 29, 2010 the Institute of Business Appraiser (IBA) will co-host a cutting edge two hour webinar to address the economic loss claims that inundate the gulf coast region as a result of the BP Oil Spill. Businesses throughout the gulf [...]
Earlier this month, Richard Fox of Fox Business Appraisels, LLC, delivered the IBA’s 2010 Stanton Memorial lecture presentation entitled, “Regression Analysis as a Tool for Validating Valuation Methodology”, in the IBA Symposium track during the 2010 NACVA/IBA Annual Consultants’ Conference.
Mr. Fox’s presentation focuses on the technical use of regression analysis to determine the validity of [...]
THE INSTITUTE OF BUSINESS APPRAISERS (IBA) ANNOUNCES ITSÂ 2010 ELECTION RESULTS FOR THE IBA BOARD OF GOVERNORS, AND THE PROFESSIONAL RESPONSIBILITY, ACCREDITATION, AND EDUCATION BOARDS
Fort Lauderdale, FL —June 5, 2010—The Institute of Business Appraisers is very pleased to announce the electees for each of our four IBA Boards. They are as follows:Â
IBA Board of Governors
Professional Responsibility [...]
ECONOMIC FACTORS AFFECT DENTAL TRENDS
APPRAISAL FALLOUT
STAN POLLOCK, DMD, MS, PHD, JD, MCBA, BVAL, ABAR, CMEAÂ
           Dentists were deeply affected by the recession last year, 2009 was a difficult year for dentists and dentists are cautious about the year ahead. The American Dental Association (ADA) reported these findings in its new Quarterly Survey of Economic Confidence. [...]
IBA’s Howard Lewis Presents to IRS on Appraisal Regulation, Penalties
Lewis, executive director of the Institute of Business Appraisers, once served as national program director for valuation services at the IRS; joins other appraisal stakeholders to offer feedback on IRS section 6695A penalties
02.18.2010 – PLANTATION, FLORIDA – The Institute of Business Appraisers (IBA), the oldest professional society devoted solely to the appraisal of closely held businesses, today announced that its executive director, Howard Lewis, will meet with the IRS Office of Servicewide Penalties (OSP) this Thursday, February 18th, in Washington D.C. The IRS has requested that Lewis, and other stakeholders from the appraisal and valuation industry, offer feedback and policy guidance on IRS section 6695A penalties, which may be assessed against appraisers for substantial and gross valuation misstatements attributable to incorrect appraisals.
Testimony of Howard A. Lewis, Executive Director, Institute of Business Appraisers at the IRS Panel Discussion
Internal Revenue Code 6695A
Substantial and Gross Valuation Misstatements Attributable to Incorrect Appraisals
New Carrolton, MD
February 18, 2010
My name is Howard A. Lewis. I’m the Executive Director of the Institute of Business Appraisers, located in Plantation, Florida. I’m also the former National [...]
IRS Addresses IBA’s Comments on Appraiser Penalty Administration
Recently, the Institute of Business Appraisers received a response to several comments that IBA’s executive director, Howard A. Lewis, addressed in his presentation to the IRS on Appraisal Regulation and appraiser penalties. Mr Lewis previously served as national program manager for the engineering and valuation programs at the IRS.Â
IBA’s major recommendations were:
IRS should, at a [...]